Bitpay, one of the world’s largest payment processors for digital coins has announced that they will be launching a new project titled Bitcore. Bitcore was developed to allow making apps for the bitcoin network faster and more efficient.
Bitpay’s co-founder and Chief Technology Officier Stephen Pair says that:
The project was created to run on node.js or client side softwares within in a web browser. They interact with secure bitcoin nodes. Similar to projects by other companies, Bitpay designed an internal ‘fork’ reminiscent to that of Stephan Thomas’ bitcoin project.
They utilize the fork by making it an open source, ensuring that there is sufficiency when users first interact with the software. Pair believes this will attract more developers to begin using it. There was a need for the company to experiment with the system where real projects could be developed. The first project made with Bitcore is called Insight, which is a basic block chain explorer program.
Insight works as a prime example of what developers can expect to get done with the help of Bitcore.
Bitpay is constructing more projects through use of the Bitcore system. Such tools include key storage management, multi-signature workflows and a Javascirpt roller for browsers.
Growth of Bitpay
Bitpay is a leader in bitcoin technology. The company continues to push the envelope and find new ways to innovate.
Bitpay made headlines back in January as the company became the first to pay employees in bitcoin. The Atlanta, Georgia-based company’s Bitcoin Payroll API deposits a portion of the paycheck into a participating employee’s virtual wallet.
Bitpay co-founder Tony Gallippi says:
“For the longest time, the hard question was ‘How do I buy bitcoin’? Now the answer is easy: ‘Ask your employer.'”
Gallippi accepts 100% of his paycheck in bitcoin, believing that the investment will be worth while in the future.
In addition to the company’s integration of bitcoin payment options, Bitpay has teamed with KryptoKit. The two partners have joined to form a ‘two-click’ solution, allowing bitcoin users to pay in bitcoin quicker. Transactions are fast and simple.
Canadian-based KryptoKit is a plugin on the Google Chrome internet browser, and won’t work with any other browsers. KryptoKit prides itself in being free and simple to use.
KryptoKit’s co-founder Anthony Di Iorio claims:
“As Bitcoin becomes more universally known and accepted as currency, we saw a clear need to have a single, clean and easy to use resource for finding businesses that welcome crypto currency.”
Bitpay is on the fast track to improving the state of bitcoin. With all of the recent bitcoin attacks, the bitcoin community could really use more companies like Bitpay.